By BRADLEY HOPE
Wall Street Journal
Aug. 18, 2016
Investigators are looking into alleged fraud related to a Malaysian fund
Abu Dhabi authorities have arrested Khadem Al Qubaisi, who authorities say is a key figure in an alleged multibillion-dollar fraud related to a Malaysian sovereign-wealth fund, according to people familiar with the matter.
The arrest last week was made in relation to an Abu Dhabi investigation into fraud and corruption, which includes Mr. Qubaisi’s alleged role in the 1Malaysia Development Bhd., known as 1MDB, affair, the people said. No charges have been filed against him.
Mr. Qubaisi was previously restricted from leaving the United Arab Emirates and had his assets in the country frozen, The Wall Street Journal reported in April. Continue reading “Key Figure in 1MDB Probe Is Arrested in Abu Dhabi”